(Bloomberg) -- Cotton in New York rose to a three-
year high after a government report showed U.S. farmers planted
9 percent fewer acres with the fiber than forecast in March,
sowing more-profitable corn instead.
About 11.06 million acres were planted with cotton this
year, the U.S. Department of Agriculture said today, down from
12.15 million projected in March and 28 percent less than last
year's 15.27 million. The average estimate of 11 analysts
surveyed by Bloomberg News was for 11.6 million.
Read more at Bloomberg Commodities News
year high after a government report showed U.S. farmers planted
9 percent fewer acres with the fiber than forecast in March,
sowing more-profitable corn instead.
About 11.06 million acres were planted with cotton this
year, the U.S. Department of Agriculture said today, down from
12.15 million projected in March and 28 percent less than last
year's 15.27 million. The average estimate of 11 analysts
surveyed by Bloomberg News was for 11.6 million.
Read more at Bloomberg Commodities News
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